人民日报记者 王观 全国高技术产业销售收入同比增长14.7%、办理离境退税的境外旅客数量同比增长285%、全国省际 贸易销售额占全国销售收入的比重已达41.1%……国家税务总局8日举行例行新闻发布会，今年前11个 月的税费数据亮点纷呈。我国制造业高质量发展有哪些新特点？消费市场呈现出哪些新变化？跨区域税 费服务改革取得哪些新成果？让我们通过记者的观察和解读，窥见税费数据背后中国经济发展的韧性与 活力。 ——编者 "今年以来，随着党中央、国务院部署的一系列增量和存量政策持续显效，我国经济运行总体平 稳、稳中有进。制造业'压舱石'作用持续稳固，制造业税收收入占比稳定在30%左右。"国家税务总局副 局长蔡自力在8日举行的国家税务总局例行新闻发布会上表示。据介绍，1—11月，全国高技术产业销售 收入同比增长14.7%，特别是智能设备制造业销售收入同比增长28.2%，延续快速增长态势。税费数据 的背后，我国经济发展稳中向好。 经济动能持续增强 另一方面，传统产业深入推进提质升级，前三季度，全国传统产业重点税源企业研发投入同比增长 12.3%，反映传统产业在技术创新、产品创新和模式创新上的投入在加快，为传统产业迈向高端化 ...

Economic Performance - The sales revenue of high-tech industries increased by 14.7% year-on-year, with smart equipment manufacturing sales rising by 28.2% [1][2] - Manufacturing tax revenue remains stable at around 30% of total tax revenue, indicating the sector's solid role as an economic stabilizer [1][2] - The total amount of tax reductions and refunds for policies supporting technological innovation and manufacturing reached 23.725 billion yuan in the first ten months [2] Manufacturing Sector Developments - High-end manufacturing is accelerating, with equipment manufacturing sales up by 8.3%, and specific sectors like computer communication and instrumentation seeing increases of 12.3% and 10.3% respectively [2] - The adoption of automation in manufacturing is increasing, with spending on automated equipment rising by 14.2% [2][3] - The share of high-energy-consuming manufacturing sales decreased by 1.2 percentage points compared to the previous year, reflecting a shift towards greener practices [2] Consumer Market Trends - The "old-for-new" policy has stimulated consumer demand, with retail sales in mobile communication devices and home appliances growing by 20.3% and 26.5% respectively [4][5] - The tourism and cultural sectors are thriving, with sales in cultural performances and film screenings increasing by 15.6% and 19.1% [4][5] - The number of travelers benefiting from tax refunds has surged by 285%, with tax refund sales and amounts increasing by 98.8% [5][6] Taxation and Compliance Improvements - Cross-regional tax services have improved, with a nearly fourfold increase in cross-regional tax business handled this year [7][8] - The proportion of inter-provincial trade sales in total sales revenue reached 41.1%, up 0.8 percentage points from the previous year [7] - Over 7,000 domestic and foreign platforms are now fulfilling their tax information reporting obligations, leading to a 12.7% increase in tax payments from platform operators [8]

Core Insights - The overall economic operation in China is stable and improving, with manufacturing playing a crucial role as a "ballast stone" for the economy, maintaining a tax revenue share of around 30% [2][3] - High-tech industries have shown significant growth, with sales revenue increasing by 14.7% year-on-year, particularly in the smart equipment manufacturing sector, which saw a 28.2% increase [2][3] Economic Dynamics - The manufacturing sector is experiencing high-quality development characterized by three main trends: accelerated high-end development, faster intelligent upgrades, and orderly green transformation [3] - Sales revenue in the equipment manufacturing sector grew by 8.3%, with notable increases in computer and communication equipment (12.3%) and instrumentation (10.3%) [3] - The digital economy's core industries also saw a 10% increase in sales revenue, indicating a strong integration of digital technologies [4] Consumer Market Trends - The "old-for-new" policy has stimulated consumer demand, with retail sales in mobile communication devices and home appliances increasing by 20.3% and 26.5%, respectively [5][6] - The tourism and cultural sectors have shown robust growth, with sales in cultural performances and film screenings rising by 15.6% and 19.1% [5][6] - The number of overseas travelers benefiting from tax refunds surged by 285%, with sales and refund amounts increasing by 98.8% [6][7] Tax and Regulatory Developments - The tax authority has improved cross-regional tax service reforms, facilitating easier handling of tax-related matters across regions, with a nearly fourfold increase in cross-regional tax business handled this year [8][9] - The implementation of the "Internet platform enterprises tax information reporting regulations" has led to over 7,000 platforms fulfilling their tax reporting obligations, resulting in a 12.7% increase in tax payments [9]

Core Insights - The tax revenue collected by the tax authorities in China exceeded 29 trillion yuan in the first 11 months of the year, driven by a stable economy and an active capital market [1] - The manufacturing sector is experiencing accelerated high-end development, with significant growth in sales revenue and investment in automation and digital technologies [3] - High-tech industries continue to show robust growth, with sales revenue increasing by 14.7% year-on-year, particularly in high-tech services and manufacturing [4] - The consumer market is witnessing positive changes due to government policies and new consumption models, with notable increases in retail sales across various sectors [5][6] Tax Revenue and Economic Performance - Tax revenue from the manufacturing sector remains stable at around 30%, indicating its crucial role in the economy [3] - The implementation of tax reduction policies has contributed to the high-quality development of the manufacturing industry, with equipment manufacturing sales revenue growing by 8.3% [3] - Traditional industries are also enhancing their quality, with R&D investment increasing by 12.3% year-on-year [3] High-Tech Industry Growth - High-tech industries have shown a year-on-year sales revenue growth of 14.7%, with high-tech services growing by 17.2% and high-tech manufacturing by 11.1% [4] - The digital economy's core industries have seen a sales revenue increase of 10%, with significant growth in digital product services and applications [4] Consumer Market Dynamics - The "trade-in" policy has stimulated consumer demand, with retail sales of mobile communication devices and home appliances increasing by 20.3% and 26.5%, respectively [6] - The tourism sector is also thriving, with a 285% increase in the number of overseas travelers benefiting from tax refund policies [6] - New cultural and tourism experiences are emerging, contributing to a 19.1% increase in sales revenue from film screenings and a 10.8% increase in travel services [6] Future Tax Policies - The tax authorities plan to continue implementing supportive tax policies to enhance consumption and optimize tax payment services [7]

Core Insights - The implementation of a comprehensive incremental policy since September 26, 2024, has led to a steady recovery in both invoice sales and tax revenue across major industries and tax categories, indicating an overall improvement in the Chinese economy [1][21] Invoice Sales and Tax Revenue - From Q3 2024 to Q3 2025, the quarterly sales revenue growth rates for enterprises were 0.4%, 2.6%, 2.1%, 3.1%, and 4.4%, showing a steady upward trend [3] - In October 2024, tax revenue turned positive after seven months of negative growth, with a cumulative increase in tax revenue from February 2025 showing consistent positive growth for eight months [5] Capital Market Performance - The capital market has become more active, with the total market value of A-share companies surpassing 100 trillion yuan in August 2025, and the Shanghai Composite Index reaching a ten-year high in September [7] - Tax revenue from capital market services increased by 56.8% year-on-year, with securities transaction stamp duty rising by 110.5% [7] Corporate Performance and Tax Growth - The manufacturing sector saw a year-on-year tax revenue increase of 5.4%, accounting for 31% of total tax revenue, indicating a significant stabilizing effect [11] - Major tax categories showed positive growth, with domestic value-added tax increasing by 3.2% and corporate income tax rising by 4.1%, reflecting improved profitability in certain industries [14] Policy Impact and Market Dynamics - The "Two New" policies have effectively released market vitality, with significant growth in machinery and equipment purchases, particularly in high-tech manufacturing, which saw a 11.8% increase [18] - Retail sales in consumer goods, such as refrigerators and televisions, experienced substantial year-on-year growth of 55.4% and 35.3%, respectively [18]

Core Insights - The implementation of a comprehensive set of incremental policies since September 26 last year has led to a steady recovery in both invoice sales and tax revenue, indicating a positive trend in China's economy [1] Group 1: Tax Revenue and Economic Indicators - Tax revenue related to the capital market has shown a high growth rate, with a year-on-year increase of 56.8%, and securities transaction stamp duty rising by 110.5% [2] - Major industries have experienced stable tax revenue growth, with manufacturing tax revenue increasing by 5.4%, accounting for 31% of total tax revenue, and contributing 48% of the total increase [2] - High-end manufacturing sectors, such as railway, shipbuilding, and aerospace, have seen tax revenue growth of 31.5%, while information technology services and scientific research sectors have grown by 15.3% and 13.2% respectively [2] Group 2: Real Estate Market and Tax Policies - The decline in tax revenue from the real estate sector has narrowed, reflecting the effectiveness of policies aimed at stabilizing the real estate market, with a year-on-year decrease of 9.8% [3] - The implementation of tax incentives has led to nearly 80 billion yuan in tax reductions, significantly lowering transaction costs for residential properties [3] - The growth in corporate equipment procurement has accelerated, with a 9.7% year-on-year increase in machinery purchases, and high-tech manufacturing equipment purchases rising by 11.8% [3]

Group 1 - The implementation of a package of incremental policies since September 26 last year has led to a steady recovery in both invoice sales and tax revenue, indicating a positive trend in the economy [1] - The quarterly sales revenue growth for enterprises has shown a steady increase from 0.4% to 4.4% over the past year, reflecting improved business conditions [1] - Tax revenue related to the capital market has increased significantly, with a year-on-year growth of 56.8%, and securities transaction stamp duty rising by 110.5%, indicating active stock market trading [2] Group 2 - The manufacturing sector has seen a year-on-year tax revenue growth of 5.4%, contributing significantly to overall tax revenue, with high-end manufacturing sectors like aerospace and transportation equipment growing by 31.5% [2] - The real estate sector has experienced a narrowing decline in tax revenue, with a year-on-year decrease of 9.8%, reflecting the effectiveness of policies aimed at stabilizing the real estate market [3] - The consumption of durable goods has increased, with retail sales of home appliances like refrigerators and televisions growing by 55.4% and 35.3% respectively, indicating a boost in consumer spending [3]

Group 1 - The implementation of a package of incremental policies since September 26 last year has led to a steady recovery in both invoice sales and tax revenue, indicating a positive trend in the economy [1] - The capital market-related tax revenue has shown a high growth rate, with a year-on-year increase of 56.8% in capital market services tax, and a significant 110.5% increase in securities transaction stamp duty [2] - The manufacturing sector's tax revenue has increased by 5.4% year-on-year, contributing 31% to total tax revenue, with high-end manufacturing sectors like railway and aerospace showing a notable growth of 31.5% [2] Group 2 - The real estate sector has seen a narrowing decline in tax revenue, with a year-on-year decrease of 9.8%, reflecting the effectiveness of policies aimed at stabilizing the real estate market [3] - There has been a significant increase in the procurement of machinery and equipment by enterprises, with a 9.7% year-on-year growth, and high-tech manufacturing showing an 11.8% increase [3] - The steady growth in invoice data reflects an improving economic operation, gradual enhancement in corporate profitability, and sustained consumer vitality, supported by active capital market transactions [3]

Core Insights - The "Two New" policies have shown significant effectiveness in the first three quarters of the year, with various industries experiencing positive growth trends [1] Equipment Investment - Overall equipment procurement in industrial enterprises increased by 9.4% year-on-year, with high-tech manufacturing equipment procurement rising by 14% [1] - The information and technology sectors saw substantial increases in equipment investment, with procurement amounts growing by 26.8% in information transmission software and IT services, and 32.5% in scientific research and technical services [1] - Digital equipment procurement across all industries grew by 18.6%, indicating a strong focus on digital transformation [1] Consumer Goods and Sales - The "old for new" policy for consumer goods has yielded notable results, with retail sales in daily household appliances and furniture increasing by 48.3% and 33.2% year-on-year, respectively [1] - Newly included sectors, such as mobile and communication devices, reported a retail sales revenue increase of 19.9% [1] Automotive Sector - Sales data for motor vehicles indicates that new energy vehicle sales increased by 30.1% year-on-year, reflecting the effectiveness of the automotive "old for new" policy in stimulating consumer demand [1]

Group 1 - The implementation of a package of incremental policies since September 26 last year has led to a steady recovery in both invoice sales and tax revenue growth, indicating a positive trend in the Chinese economy [1][3] - From Q3 of last year to Q3 of this year, the quarterly sales revenue growth rates for enterprises were 0.4%, 2.6%, 2.1%, 3.1%, and 4.4%, showing a gradual increase [1] - Tax revenue has turned positive after seven months of negative growth, with a cumulative increase in tax revenue since February this year, reflecting improved fiscal income collection [1] Group 2 - Tax revenue from the manufacturing sector increased by 5.4%, accounting for 31% of total tax revenue, with high-end manufacturing sectors like railway and aerospace seeing significant growth [2] - The domestic value-added tax grew by 3.2%, indicating improved business operations, while corporate income tax rose by 4.1%, reflecting better profitability in certain industries [2] - The real estate sector's tax revenue decreased by 9.8%, but the decline has narrowed significantly compared to earlier periods, aided by tax incentives aimed at stabilizing the market [2] Group 3 - The acceleration of equipment updates and the continuation of the old-for-new consumption policy have boosted consumer activity, with machinery equipment purchases rising by 9.7% year-on-year [3] - Retail sales of household appliances, such as refrigerators and televisions, have seen substantial growth, with increases of 55.4% and 35.3% respectively [3] - The incremental policies are viewed as effective measures to address economic challenges, focusing on stimulating consumption, stabilizing the real estate market, and activating the capital market [3]